Copy link
Increase text size
Decrease text size
Link copied

Bank of Japan Governor Haruhiko Kuroda urges global efforts in regulating Facebook's Libra

Image Credit:

Wed, 25 Sep 2019, 04:55 am UTC

The governor of Bank of Japan Haruhiko Kuroda has called for international efforts to regulate digital cryptocurrencies such as Facebook’s forthcoming Libra token.

As per a Reuters report, Kuroda warned in a speech before business leaders in Osaka on Sept. 23 that “If Libra is introduced, it could have a huge impact on society.”

The head further stressed that regulators must impose the highest level of regulation for such stablecoins.

Kuroda’s comment follows after European finance ministers clarified their stance against Libra. French finance minister Bruno Le Maire recently warned that he will block the development of Libra as it poses a threat to “monetary sovereignty” of governments and stressed on issues such as money laundering, terrorism financing, and market dominance.

German finance minister Olaf Scholz also echoed the same sentiments, saying that although the government aims to fortify its position as a leading technology location and foster blockchain innovation, the state remains cautious of private firms issuing their own currencies.

But amid the threats of blocking, Christine Lagarde, a nominee to take over as the next president of the European Central Bank (ECB), urged central banks and financial firms to keep an open mind to innovations like cryptocurrencies while protecting consumers.

Mark Branson, the director of Financial Market Authority (FINMA), also acknowledged the perceived pressure of Libra being based in Geneva while underscoring the potential opportunities the cryptocurrency tech can bring.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.07.20 13:45:25
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .......................................................................................................
  • 0
  • ·
  • 0
  • Bitcoin (btc) $34,721.00 (-3.63%)
  • Ethereum (eth) $2,136.04 (-4.73%)
  • Tether (usdt) $0.998849 (-0.45%)
  • Binance Coin (bnb) $328.38 (-3.46%)
  • Cardano (ada) $1.40 (-1.45%)
  • Bitcoin (btc) $34,721.00 (-3.63%)
Jun 20, 2021 (Sunday)
BTC Surges by 1.01% Within 5 Mins, Marking 34,167.36 USDT
BTC Drops by 1.42% Within 5 Mins, Marking 33,515.6 USDT
BTC Drops by 1.13% Within 5 Mins, Marking 34,888.01 USDT
Crypto Market Sentiment On Jun 20: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Outflow With $179.62 Mln In Past 10 Hours
BTC Drops by 1.16% Within 5 Mins, Marking 35,251.78 USDT
Jun 19, 2021 (Saturday)
BTC Surges by 1.05% Within 5 Mins, Marking 35,960.19 USDT
BTC Surges by 1.04% Within 5 Mins, Marking 35,392.4 USDT
BTC Drops by 1.06% Within 5 Mins, Marking 34,968.6 USDT
Jun 18, 2021 (Friday)
BTC Surges by 1.18% Within 5 Mins, Marking 36,474.01 USDT
CRYPTOBANK’s CBANK Token To Be Listed On
Crypto Market Sentiment On Jun 18: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Outflow With $553.46 Mln In Past 10 Hours
Jun 17, 2021 (Thursday)
BTC Surges by 1.05% Within 5 Mins, Marking 37,733.19 USDT
BTC Drops by 1.16% Within 5 Mins, Marking 37,834.09 USDT
TriumphX Publishes NFT In Partnership With Artist HANJUNGSUN
Crypto Market Sentiment On Jun 17: Market In "Fear"
BTC Tops List Of Crypto Net Inflow With $233.17 Mln In Past 10 Hours
Jun 16, 2021 (Wednesday)
BTC Surges by 1.05% Within 5 Mins, Marking 38,856.33 USDT
BTC Drops by 1.21% Within 5 Mins, Marking 38,668.43 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.